The resolution introduces a range of mechanisms and policies aimed at stimulating the HCM City''s growth, addressing challenges, and fostering innovation and sustainability.
The Government has agreed to a proposal by the State Bank of Vietnam (SBV) to extend the bad debt settlement of credit institutions based on the pilot Resolution 42/2017/QH14.
The State Bank of Viet Nam (SBV) has proposed to continually handle bad debts of credit institutions based on the provisions of pilot Resolution 42/2017/QH14 until 2025 instead of this year.
The State Bank of Vietnam (SBV) has proposed to issue a separate law on bad debt settlement. The new law would be based on the provisions of Resolution 42/2017/QH14 to ease the work of settling bad debts.
According to the Global Competitiveness Index 2017-2018, Viet Nam ranks 55th out of 137 countries, behind Singapore (3rd), Malaysia (23rd), China (27th), and Indonesia (36th), and just above the Philippines (56th).
The Government needs to issue a law on bad debt settlement for credit institutions as a pilot resolution on the issue will expire next year, experts said.
The Ministry of Finance is drafting an amendment to the decree on business of betting on horse racing, greyhound racing and international football, which would allow the payment of bets via e-wallets or telecommunication accounts.
As issues related to land use rights still hinder State-owned enterprises from executing equitisation on time, the finance ministry has built a draft to amend the current decree regulating land issues.
The banking sector had made considerable headway into settling bad debt, restructuring credit institutions and developing the banking system two years since the National Assembly issued a resolution on the industry.
The Government will soon issue a revision to Decree 116/2017 on the conditions for production, assembly, import and business of automobile warranty and maintenance services, removing a number of regulations relevant to auto imports.
Viet Nam is among the most dynamic start-up hubs in the world and well-educated, young entrepreneurs are expected to improve the country’s position on the global start-up map.
The implementation of Decree 20/2017/ND-CP (Decree 20) has affected the production and business activities of enterprises, especially in the real estate sector.
There is plenty of room for further development of the digital finance industry, but experts worry that this the huge number of people without bank accounts and the slow policy-making process will stall progress.
Identifying HCM City’s typical export products should not be based simply on their export volume or value or subjective decisions, but on careful analysis, experts have said.